It's looking like the end of an era--or a century--for GE, which is drawing interest overseas in its 101-year-old appliance unit.
LG's CEO Yong Nam is considering a deal. "We are looking into it very carefully. I cannot share with you more than that," Nam commented cryptically at a news conference today.
Meantime, there's word that China-based Haier Group, which made an unsuccessful bid for Maytag in 2005, is also eyeing the unit, which might fetch between $4 billion to $8 billion, according to reports.
So what does it mean for consumers of this brand? … Read more